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It has gone up right?

The market cap trebled, but not the coin price ;-)

How does that happen with something like steem? They cant just create more steem.

Coin Marketplace

STEEM 0.33
TRX 0.11
JST 0.034
BTC 66438.74
ETH 3268.32
USDT 1.00
SBD 4.39